Notes are in chart, but this is following nicely atm. Will wait to see test of 42.37-42.22 and need a close above handles resistance for me to go all in on this one, but i like the set up currently!
Pertinent notes are in chart.
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt...
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock:
- There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more
- Technicals are all on the lows,
*MACD in a nice setup to turn up for...
